Q: What do we mean by Financial Creditor ?

Ans: Financial Creditor: Financial Creditor is mentioned under section 5(7) of IBC which includes lenders and anyone who has extended a Financial Debt [S.5(8)] to the Corporate Debtor against time value of money. By way of a 2018 amendment, the definition of 'Financial Creditor' also includes real estate allottees (home-buyers) as defined under the Real Estate (Regulation and Development) Act, 2016 within its ambit.

Keywords used: 

Ambit: सीमा

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